SCAC net loss decreases threefold year-on-year

Russia’s Sukhoi Civil Aircraft Company (SCAC) posted a net loss of 3.807 billion rubles ($66.8 million) for 2016, almost three times less than the 2015 loss of 10.749 billion rubles, reveals the company’s financial report compiled in accordance with the Russian accounting standards. The improvement was achieved thanks to optimized key performance indicators and a reduction in interest costs, the company explains.

SCAC’s revenues increased by 32.2% to 46.779 billion rubles. The company’s income grew mainly due to more SSJ100 deliveries and an increase in the aircraft’s average unit price following changes to the delivery pattern. The share of launch customers in the total number of deliveries decreased to 27%. In addition, of the 26 aircraft delivered last year two were completed in a more expensive VIP configuration for the Royal Thai Air Force.

More active work to promote aftersales support for the growing SSJ100 fleet in operation also contributed to the increase in revenues. Aftersales support generated 1.226 billion rubles in revenue in 2016, up 49% on the previous year; associated costs amounted to 1.084 billion rubles, down 35% year-on-year.

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